Tencent Music (TME) Tops Q2 EPS by 1c
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Slowing job growth, stimulus worries weigh on Nasdaq
August 7, 2020 7:09 AM EDTBy Chuck Mikolajczak and Gertrude Chavez-Dreyfuss
NEW YORK (Reuters) - The Nasdaq closed lower on Friday, as data showed a sharp slowdown in U.S. employment growth and investors worried lawmakers would fail to agree on another fiscal stimulus bill to bolster the economy from a coronavirus-induced recession.
The S&P 500 and the Dow Jones index ended flat to slightly higher on the day.
With the benchmark S&P 500 index now about 1.5% below its record high, defensive sectors including utilities and real estate were among the gainers. Tech-related stocks, which have... More
